Transense Technologies PLC
LSE:TRT
Transense Technologies PLC
Transense Technologies Plc develops, manufactures, and sells wireless and battery-less sensor systems. The company is headquartered in Bicester, Oxfordshire and currently employs 14 full-time employees. The firm is engaged in the development and application of patent protected Surface Acoustic Wave (SAW) sensor technology. The firm's segments include SAWsense and Translogik. The SAWSense segment designs and develops surface acoustic wave (SAW) sensor devices that can be used to measure torque, pressure and/or temperature. This technology has a range of uses, ranging from custom applications through to high volume mass markets, such as passenger cars. The Translogik segment provides a passenger car audit system product (PCAS) as well as radio frequency identification (RFID) technology and systems designed for the mining sectors. The firm is also engaged in the development of non-contact batteryless sensors and their electronic interrogation systems.
Transense Technologies Plc develops, manufactures, and sells wireless and battery-less sensor systems. The company is headquartered in Bicester, Oxfordshire and currently employs 14 full-time employees. The firm is engaged in the development and application of patent protected Surface Acoustic Wave (SAW) sensor technology. The firm's segments include SAWsense and Translogik. The SAWSense segment designs and develops surface acoustic wave (SAW) sensor devices that can be used to measure torque, pressure and/or temperature. This technology has a range of uses, ranging from custom applications through to high volume mass markets, such as passenger cars. The Translogik segment provides a passenger car audit system product (PCAS) as well as radio frequency identification (RFID) technology and systems designed for the mining sectors. The firm is also engaged in the development of non-contact batteryless sensors and their electronic interrogation systems.
Revenue Growth: Transense saw strong revenue growth of 36% year-on-year, with nearly GBP 2.5 million in the first half, driven by both SAWsense and Translogik.
Margins & Investment: Gross margins improved sharply to 72% (from 61%) excluding iTrack, but operating costs rose 73% due to headcount and facility expansion, resulting in lower profit before tax and operating margin.
Profitability: Despite higher costs, EBITDA and PBT remained nearly unchanged versus last year, as investments are expected to support future growth.
Segment Performance: SAWsense revenue surged 360% to GBP 380,000; Translogik grew 7% to over GBP 0.5 million; iTrack royalties increased by 26%.
Outlook: Management expects a near doubling of SAWsense and Translogik revenues in H2, with cost base now largely set for future growth.
Strategic Progress: Key wins include building major customer relationships, expanding the product portfolio, closing new distribution agreements, and advancing a pilot production line for scale-up.
Cash & Funding: Ended H1 with just under GBP 1.2 million in cash, rising to nearly GBP 1.9 million after royalty receipt; new capex being largely asset-financed.
Market Position: Transense serves blue-chip clients in dynamic sectors like aerospace, electric vehicles, robotics, and motorsport, with a strong pipeline and long-term value creation focus.
